YouTube announced it will be hosting its first ever Comedy Week beginning from May 19-25.

The online video giant's Comedy Week is being billed as the best of comedy and live events, along with video premieres and collaborations. Coincidentally, the news comes just a few days after the partnership of Comedy Central and Twitter announced its own #ComedyFest from April 29-May 3.

On May 19, YouTube will hold a global live stream beginning at 5 p.m. PT/8 p.m. ET of stand-up comedy, sketch comedy, and musical performances. A kickoff show will stream one hour earlier. In the days following, viewers can expect dedicated programming that includes live performances, new episodes from popular YouTube comedy channels, curated top ten lists from comedy stars and more.

"YouTube is the home of comedy for the next generation," says YouTube's VP of Marketing, Danielle Tiedt. "If you like to laugh, come join us during Comedy Week as we celebrate the best of comedy with sketches, pranks, stand-up routines, sit-down routines, parodies, blunders, fails, live shows and unexpected collaborations in a way that only YouTube can."

Here is a fairly long list of some of our favorite performers slated to participate: